Buying a House

Perhaps the biggest step in a person's financial life is their commitment to buying a house. You are basically committing yourself to be in debt for a long time. I have been very wary of this over the years. I have always wanted to own my own home, but I understand the ramifications and to be honest it scares me a little. Do I really want to promise to spend almost 1/2 my monthly pay for a building to live in for the next 30 years of my life? When I put it like that, not really!

However, the perks to owning a home have to be fantastic. I can't speak from experience but I would sure like to! Krystle and I are in the process of trying to figure out how to buy a form of our dream house that was dropped into our laps in the past week. I say dropped because we had honestly given up the search for a home. Realtors had only ever shown us total dumps that needed more work than I am willing to do. We have had no luck. Until now. It hasn't been until this house came around that I have really, seriously began to think about how to make it ours. It is a great deal on an acre of land. An acre of land! Talk about room to run! Edmund has never had a yard to play in, and now he could have more yard than many kids put together!

Unfortunately there is a catch. Apparently, according to the bank, we have too much debt to qualify for the amount we need for the loan which is $100,000. The only debt we have. Student loans. Killer. Turns out the best way for me to bypass the student loan problem is to go back to school to put those loans in deferrement. So essentially, to better my debt situation, I have to get into more debt by going back to school. Haha. There's a nice slice of irony in the economic cake of America!